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ECB’s Makhlouf: Another rate hike is still possible

September 21, 2023

Little chance of a rate cut before March Rates could just stay where they are for longer If inflation outlook holds, may not need any …

Technical Analysis

Russell 2000 Technical Analysis – Key breakout in sight

September 21, 2023

Yesterday, the Fed left interest rates unchanged at 5.25-5.50% as expected but revised its outlook on the more hawkish side. In fact, the Fed not …

Central Banks

BOJ statement due Friday: “Ueda could strike a hawkish chord”

September 21, 2023

Westpac on tomorrow’s BOJ and potential support for the Yen: This week’s BoJ is not expected to produce any policy tweaks, but Ueda could nevertheless …

Central Banks

BOJ staatement tomorrow – preview – “could probably send a subtle hawkish message “

September 21, 2023

ING with an ‘in a nutshell’ preview of the Bank of Japan statement due on Friday, 22 September 2023: the BoJ is likely to stay …

Central Banks

Bloomberg: “Traders on Intervention Watch as Yen Hovers Below 150 to Dollar”

September 21, 2023

It’s a bit of a paradox that if traders are indeed on intervention watch and reluctant to buy USD/JPY ahead of the 150 level where …

Market Outlook

Asia Week Ahead: Fed’s Hawkish Takeaway Pushes Up USD, Weighs on AUD/USD, Gold

September 21, 2023

A high-for-longer rate outlook was the clear takeaway from the recent Fed meeting, as US Treasury yields found the validation to push on further with …

Central Banks

Reserve Bank of Australia’s ‘Bulletin’ discusses monitoring developments in wages

September 21, 2023

The Bulletin is published quarterly in March, June, September and December. It contains articles on the economy and financial system from teams throughout the Reserve …

Central Banks

Japan’s Nikkei asks “Is Japan’s deflation era ending?”

September 21, 2023

Link is here to the piece (may be gated). Some of the points made: Recent comments by Bank of Japan and government officials are stirring …

Central Banks

Japan chief cabinet secretary Matsuno verbal yen intervention crossing the newswires

September 21, 2023

Matsuno’s remarks come after a big surge for USD/JPY following a hawkish hold from the FOMC on Wednesday. Important for FX to move stably reflecting …

Central Banks

China financial media front page opinion piece – PBOC might cut its RRR in Q4

September 21, 2023

China Securities Times citing analysts in the article. We’ve been hearing over and over about this cut being ahead. Given the steady drip of stimulus …

Central Banks

Bank of England preview – headline inflation lowest in 18 months makes rate hike 50/50

September 21, 2023

I posted earlier on the Bank of England Monetary Policy Committee decision coming up today, with JP Morgan saying a rate hike is a coin …